Question: a dentistry office purchased a new computer for the reception desk on February 5, 2020 and a new set of bookshelves (considered office furniture) for
a dentistry office purchased a new computer for the reception desk on February 5, 2020 and a new set of bookshelves (considered office furniture) for the dentist office's front entryway on November 5, 2020. the computer and bookshelves each cost $2200.
determkne the total depreciation amount dor 2020 assuming the taxpayer opted out Sec. 179 and bonus (if available) in the year of purchase. in addition, assume all taxpayer use a calendar year tax period and that the property mentioned was the only property purchased in the year od axquisition.
1.$660
2.$849
3. $880
4. $1100
5. none of the answers
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
